The 12 Worst Investments Of 2014

Bitcoin was the single worst performing investment of 2014. From
a January high of $914-$1,012 (depending on the exchange used),
it fell consistently over the year: its value stands at
around $315 at the time of writing.

The bitcoin ‘crisis’ was a crisis of confidence. Over 850,000
bitcoins, worth a total of $450m, were stolen from Mt Gox, the
largest bitcoin exchange site, and an enormous amount of
bitcoin’s value wiped. The collapse shook faith in the currency’s
security, its real selling point.

Nasdaq.com’s Martin Tillier advised purchasing bitcoin as recently
as the beginning of this month, arguing that this year’s crash
was merely a correction. Others think bitcoin’s value lies not in
the possession of the currency, but in the technology it
exploits, which may pave the way for cheaper and more secure ways
to transfer funds.